MIRA
INFORM REPORT
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Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
CMC
AFRICA AUSTRAL LDA |
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Registered Office : |
P.O. Box 4602Maputo |
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Country : |
Mozambique |
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Date of Incorporation : |
10.08.2000 |
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Com. Reg. No.: |
94738 Matola, Mozambique |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Building and Civil Construction Company |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
CMC AFRICA AUSTRAL
LDA
Principal Address
P.o. Box 4602Maputo, Mozambique
Telephone: +258-21780357/316
Fax: +25821780335/490
Email: info@cmcaa.co.mz
Internet: www.cmcafricaaustral.com
Established
10/08/2000
Registration
No. 94738 Matola,
Mozambique
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
400
Office & Factories
Head offices AV Daaacha Km 6 Parcela 728 Matola,
Mozambique
Branches Dondo, Tete and Xai Xai in Mozambique
Company Profile
Paid in Capital MZN. 348,026,328,000
Subscribed Capital MZN. 348,026,328,000
Shareholders
Name Position Amount
Ratio
Mr. Vittorio
Morigi CEO
Mr. Massimo
Matteucci Director
Mr. Fulvio
Bartolini Director
Mr. Roberto Macrì Finance Director
Mr. Marco
Bulgarelli Director
Mr. Lorenzo
Cottignoli Director
Mr. Valerio
Giuliani Director
Mr. Riccardo
Gualtieri Director
Mr. Guido Leoni Director
Mrs. Tamara
Magalotti Director
Mr. Sergio
Mazzotti Director
CMC Group Holding Co. 99.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 150,000 is recommendable
Affiliated Companies
Company (1) SIDE INVESTMENTS
(PTY) LTD
Company (2) CMC RAVENNA EURL
Company (3) CMC LIBYA
Company (4) CMC DI RAVENNA CO.
LTD
Company (5) CMC RAILWAY JOINT
VENTURE (PTY) LTD.
Company (6) CMC BEIJING
Company (7) CMC DI RAVENNA
MALAYSIA
Company (8) CMC DI RAVENNA PTE
LTD
Company (9) CMC ERITREA
Company (10) SIDE BAR
MANUFACTURING (PTY) LTD
Company (11) EMIR S.P.A.
Management/ Directors
President/ CEO (1)
Name Mr. Vittorio Morigi
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. Massimo Matteucci
Þ Top decision maker is the person who has the
ultimate authority or power to make important managerial decisions. He/She may
or may not be officially registered as a president or an executive director.
Business Activities
Building and civil
construction company
Terms of payment
Buying terms 10% in cash,90% on 60 day
credit
Selling terms 50% in cash/account , 50%
on tender
Suppliers
BELL, CAT etc
Customers
Companies, municipalities,
industries etc
Recent Sales
MZN. 620,000,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
40.0%
Domestic Market Share
30.0%
Banking relationship
Main Banks MCBL
Auditors Deloitte &
Touché SPA
Credit Check of Subject,
President & CEO (as of report date)
Payment Morale: In the documents at our
disposal nothing adverse has been shown so far.
CREDIT RATING: Financial situation is
average.
COMMENTS
Maximum credit we recommend is USD 150,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.72 |
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UK Pound |
1 |
Rs.84.42 |
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Euro |
1 |
Rs.67.38 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to
assess SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial condition (40%) Ownership background (20%) Payment
record (10%)
Credit history (10%) Market trend (10%) Operational
size (10%)